Magma Housing Finance Senior Manager Salaries by 4 Employees (Updated 2025)

13 - 15 years exp.

₹8.3 Lakhs - ₹12.8 Lakhs

Low Confidence

Salary of majority employees

52% less than the average Senior Manager Salary in Financial Services Companies for 13 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 13 - 14 years exp. (3 salaries)	₹8.3 L/yr - ₹10 L/yr
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Data Science & Analytics Senior Manager Salary 15 years exp. (AmbitionBox Estimate)	₹11.5 L/yr - ₹14.1 L/yr

Last Updated: 6 Feb 2025

Companies similar to Magma Housing Finance for Senior Manager

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Piramal Capital Housing Finance Senior Manager Salary 5 - 20 years exp. (112 salaries)	₹7.2 L/yr - ₹31.9 L/yr 74% more
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Aditya Birla Capital Senior Manager Salary 2 - 13 years exp. (104 salaries)	₹4.7 L/yr - ₹19 L/yr 6% more
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Religare Senior Manager Salary 8 - 23 years exp. (28 salaries)	₹4.5 L/yr - ₹15.6 L/yr 1% more
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Senior Manager salary at Magma Housing Finance ranges between ₹8.3 Lakhs to ₹12.8 Lakhs per year for employees with experience between 13 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of Magma Housing Finance.

Experience wise Magma Housing Finance Senior Manager salaries

Last Updated: 6 Feb 2025

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10 L/yr
14 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹18.4 L/yr
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15+ years (AmbitionBox Estimate)	₹4.7 L/yr - ₹12.8 L/yr

Similar Designation salaries in Magma Housing Finance

Deputy Manager Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Sales Manager Salary

(22 salaries)

₹3.55 L/yr - ₹10.44 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹9.7 L/yr - ₹12.4 L/yr

Branch Manager Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Area Manager Salary

(AmbitionBox Estimate)

₹6.5 L/yr - ₹8.3 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹12.1 L/yr - ₹15.4 L/yr

Area Sales Manager Salary

(7 salaries)

₹7.75 L/yr - ₹12 L/yr

Relationship Manager Salary

(100 salaries)

₹2.4 L/yr - ₹5.15 L/yr

Sales Officer Salary

(4 salaries)

₹2.5 L/yr - ₹3 L/yr

Team Lead Salary

(4 salaries)

₹4.4 L/yr - ₹4.5 L/yr

Salary related reviews for Magma Housing Finance

Assistant Manager Finance & Accounts in Pune

Finance & Accounting Department

3.0

• posted on 30 Jun 2022

3.0

for Salary and Benefits

Likes

Team work and learning experience was really good for a fresher. Politics was the worst one especially by the senior managers.

Job security - Excellent

+1 more

Dislikes

Politics especially by the senior managers. Few of them even harassed their subordinates.

Work-life balance - Poor

Associate in Kolkata

Finance & Accounting Department

3.0

• posted on 18 May 2021

2.0

for Salary and Benefits

Likes

Job security is there but not growth. You will learn many things in first two years.

Dislikes

Depends on department to department. Poor work culture, higher management will give u lots of work by saying you are senior and you have to manage alone the task of two. Poor team management, seniors will put unnecessary pressure. No good compensation, no leadership quality in bosses. Repetitive and laborious job. No one talks about new idea. Your suggestions will not be consider in front of seniors.

Salary - Poor

+2 more

Branch Credit Manager in Gwalior

Housing Finance Department

5.0

• posted on 23 Aug 2020

5.0

for Salary and Benefits

Likes

Magma housing finance working culture are good with 100% job satisfaction and job security. Magma help during Covid - 19 lock down through work from home to all employee and after lock down learn all security point like keep mask, keep 3 feet distance, hand wash etc all paint remember to all employee par day. Also Magma housing finance donate some fund in PM Covid - 19 fund which is help for Covid patent. THANKS TO MAGMA FOR GETTING THIS OPPORTUNITY TO ME

Salary - Excellent

+6 more

Dislikes

Sorry no dislike things

Relationship Manager in Eluru

Other Department

1.0

• posted on 11 Oct 2020

1.0

for Salary and Benefits

Likes

No supporting any employee. Only marketing publicity found transfer for pm account. With employee curshel situation covid19 time. my personal.

Dislikes

Magma company is super competaion to banks.but heads is very dangers, politics,

Salary - Bad

+6 more

Assistant Credit Manager in Indore

Home Loan Department

5.0

• posted on 22 Jun 2020

5.0

for Salary and Benefits

Likes

The company is adaptive toward new and updated technology and changes with the current scenario. Teach a lot to the employee about the policies, work enhancement by their training sessions and empower them to give their best.

Salary - Excellent

+5 more

Dislikes

Company have decent schedule and work culture but not respected and practice by the team. Late night working, holidays forcefully working, more then 12 hours working, office politics, etc

Work-life balance - Poor

see more salary related reviews

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Magma Housing Finance Senior Manager Salary FAQs

What is the salary of Senior Manager at Magma Housing Finance?

Senior Manager salary at Magma Housing Finance in India ranges between ₹8.3 Lakhs to ₹12.8 Lakhs for experience between 13 years to 15 years. According to our estimates it is 52% less than the average Senior Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Magma Housing Finance India.

How does the salary of a Senior Manager at Magma Housing Finance India compare with the average salary range for this job?

The average salary of a Senior Manager at Magma Housing Finance is 52% less than the average salary of a Senior Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Magma Housing Finance to a Senior Manager in India?

Empower Retirement Senior Manager Salary - ₹39.5 Lakhs to ₹47.0 Lakhs per year
TSYS|Total System Services Senior Manager Salary - ₹30.0 Lakhs to ₹45.0 Lakhs per year
Wells Fargo Senior Manager Salary - ₹17.5 Lakhs to ₹64.6 Lakhs per year
MSCI Senior Manager Salary - ₹25.0 Lakhs to ₹35.0 Lakhs per year
JPMorgan Chase & Co. Senior Manager Salary - ₹11.6 Lakhs to ₹36.1 Lakhs per year

What is the salary of a Senior Manager in companies similar to Magma Housing Finance in India?

Envestnet Asset Management Senior Manager Salary - ₹12.0 Lakhs to ₹29.0 Lakhs per year
Bajaj Finserv Senior Manager Salary - ₹8.5 Lakhs to ₹30.0 Lakhs per year
Piramal Capital Housing Finance Senior Manager Salary - ₹7.2 Lakhs to ₹31.9 Lakhs per year
L&T Finance Senior Manager Salary - ₹8.0 Lakhs to ₹26.0 Lakhs per year
Sharekhan Senior Manager Salary - ₹7.5 Lakhs to ₹23.0 Lakhs per year

What is the estimated take home salary of a Senior Manager at Magma Housing Finance in India?

The estimated take-home salary of a Senior Manager at Magma Housing Finance ranges between ₹73,792 per month to ₹75,699 per month in India. The take-home salary calculation is based on the average Magma Housing Finance Senior Manager salary in India which ranges between ₹8.3 Lakhs to ₹12.8 Lakhs per year for employees with experience between 13 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Senior Manager at Magma Housing Finance?

According to AmbitionBox, 100% of the Magma Housing Finance Senior Managers reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Magma Housing Finance Senior Manager Salaries

Magma Housing Finance Senior Manager salary in India ranges between ₹8.3 Lakhs to ₹12.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magma Housing Finance latest salaries received from various employees of Magma Housing Finance.